Polar Capital Share Discussion Threads

[davethehorse] 02/2/2024 13:04

Topped up @ 450p...;-)

[davethehorse] 31/1/2024 11:10

Some big tech falls on the pre open US market...

[davethehorse] 25/1/2024 10:14

Happy with slow steady rises here but a re rate is definitely on the cards in 2024, gl holders....

[melton john] 24/1/2024 23:49

And in any case, POLR is on SETS so the Market Makers have little effect when there is liquidity. Most trades are automatic trades between two institutions or other participants.

[diviincomesearch] 24/1/2024 20:55

Not sure MMs are having a real effect. Recent tech rally will have pushed £500-700mn more AuM in just the two tech funds since the 31st December AuM update.

Of course depends on inflows and outflows as to how much headway is being made.

[davethehorse] 24/1/2024 14:30

Hello Mr down ticker .....:-)

[masurenguy] 23/1/2024 07:47

AuM Update

Polar Capital Holdings provides its regular quarterly update of its unaudited statement of its Assets under Management ("AUM") and performance fees earned for the financial year to 31 March 2024.

Group AUM (unaudited)
Polar Capital reports that as at 31 December 2023, AuM were GBP19.6bn compared to GBP19.2bn at the end of March 2023, an increase of 2% over the period. During the nine-month period the GBP400m increase in AuM resulted from a GBP2.1bn increase relating to market movement and fund performance offset by net redemptions of GBP1.7bn.

Gavin Rochussen, CEO, commented: "A strong rally in all major indices in the final calendar quarter of 2023, meant that our AuM at the end of the nine-month period were £19.6bn compared to £19.1bn at the end of the previous quarter and £19.2bn at the end of March 2023, despite net outflows over the period. With peak interest rates in sight and declining inflation rates, investors will, we believe, begin to seek additional exposure to equities. We have a strong pipeline of client interest and have capacity to meet investor demand for our specialist active fund strategies. At the end of the quarter, we launched a Financial Credit Fund, managed by our Financials team, to further add to our offering. Long term performance remains strong with 81% of AuM outperforming respective benchmarks since inception. We remain confident that with our diverse range of differentiated, active specialist fund strategies we are well-positioned to perform for our clients and shareholders over the long term."

[davethehorse] 23/1/2024 06:22

https://ifamagazine.com/polar-capital-announces-change-of-fund-strategy-and-name-and-strengthens-its-global-financials-investment-team/

[davethehorse] 20/1/2024 06:42

Should see a nice rise next week off these levels...https://www.cnn.com/2024/01/19/markets/stocks-sp500-record-high/index.html

[davethehorse] 18/1/2024 14:43

Nice double bottom on the chart too at this price, could be a spring board off 440p back towards 500p very soon with the US tech surging higher...

[davethehorse] 18/1/2024 09:51

Topped up again, way too cheap...

[diviincomesearch] 15/1/2024 21:39

There’s no great conspiracy, market manipulation or shorting going on.

Just soggy market sentiment and we haven’t yet got back to a positive position on equity inflows yet. This is common across the active asset management industry. Once sentiment turns in a really sustained way then this will power upwards. High beta stock.

Until then, profits are quite restricted and the dividend is just about covered unless the wider markets take a tumble.

However, a 10% divi yield for a company with an P/E ratio of 12-13 seems pretty daft, but there we are- that’s the U.K. equity market for you.

[mpage] 15/1/2024 09:56

Short interest: Not since Winter 2015/16. And even then, nothing to be worried about.

Analysts have data for the size of all funds (and can estimate whether each fund is seeing net inflow/net outflows) so daily AUM is known pretty precisely. As a result, vanilla fund managers aren't typically shorted(abdn is slightly different).


hxxps://shorttracker.co.uk/

[davethehorse] 15/1/2024 09:04

Is POLR being shorted that anyone knows?

[melton john] 12/1/2024 09:42

I don't know who wrote the HL piece but he doesn't seem to grasp the differnce between the words partly and largely "largely funded by Polar's existing cash pile." or perhaps it was intentional.
Stockopedia gives a more balanced view from a consensus of 6 other analysts.
Consensus Estimates
'24 Net profit £34.68m EPS36.8p DPS46.0p
'25 Net profit £35.65m EPS35.8p DPS46.0p

[davethehorse] 12/1/2024 08:17

Should see a nice bounce today as the divis get re invested ....;-)

[spawny100] 11/1/2024 16:18

Not me. I'll be adding to my DUKE holding tomorrow my POLR divi.

[davethehorse] 11/1/2024 15:39

Who's topping up with the divi tomorrow??...;-)

[davethehorse] 11/1/2024 12:34

Have added to my holding @ 442p anyway, still plenty of long term value to be had imo, gl all

[riverman77] 11/1/2024 09:11

I have a slight concern with their big global tech funds (39% OF AUM) which I think will struggle to compete with passive ETFs - they've lagged the ETFs pretty much every year and can see more clients switching to passives to get their tech exposure.

[diviincomesearch] 11/1/2024 08:49

I must admit I hadn’t banked on the performance fee, which looks most likely it’s from the Healthcare Opps fund with the late calendar rally in the markets.

Very welcome indeed!

Markets don’t like continued outflows for the narrative. It’s welcome that they continue to slow in the tech fund, although I wonder how much legs there is in that area of the market to keep pushing upwards… as mentioned before U.K. value and the Melchior fund have taken a beating in terms of outflows, and that’s where more of the issue is.

Melchior fund was around £1Bn when acquired. Shedded 40% of that now.

[masurenguy] 11/1/2024 08:27

Positive update with AUM up by £500m inspite of net outflows which demonstrates the strength of the portfolio. If the market improves this year those outflows will become inflows. Meanwhile the 46p dividend provides an excellent yield of 10.1%.

[davethehorse] 11/1/2024 08:16

Market not over impressed....must admit I thought the update would be more positive than this...

[eigthwonder] 11/1/2024 07:59

Unless you were the fund manager of the UK Value fund - that looks like a loss of 25% of AUM. Ouch.